Somerville, MA vs Wakefield, MA
There is a significant gap in the cost of living between these two cities. Wakefield is 24.5% cheaper than Somerville. With a cost index of 150 vs 187, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Wakefield to Somerville should plan for substantially higher expenses across most categories.
On the housing front, median rent in Somerville is $2,468/month compared to $1,872/month in Wakefield — a 32% difference. Home values follow the same pattern: Wakefield is more affordable at $670,100 median vs $899,400.
Median household income in Somerville is $127,056 compared to $130,320 in Wakefield (-2.5%). Wakefield offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Somerville spend roughly 23.3% of their income on rent, more than the 17.2% in Wakefield.
Climate-wise, both cities share similar average temperatures (51.9°F vs 49.9°F). Wakefield receives more rainfall at 44.9" per year compared to 43.6" in Somerville.
Income & Cost
Housing
Salary Equivalency Calculator
What does your salary in one city buy you in the other?
Everyday Prices
BLS Average Prices by metro area
Climate
NOAA 30-year normals (1991-2020)